The global medical image management market is expected to reach USD 5.78 Billion by 2021 from USD 4.22 Billion in 2016, growing at a CAGR of 6.5% from 2016 to 2021. The factors driving market growth include technological advancements in diagnostic imaging modalities and image management solutions, growing investments in the medical imaging market, government initiatives to encourage EMR adoption, increasing usage of imaging equipment, rapid growth in geriatric imaging volumes, growing adoption of VNA, growing adoption of image management systems by small hospitals and imaging centers and rapidly growing big data in healthcare. However, factors such as longer product lifecycle of VNAs and budgetary constraints may restrain the market growth.

On the basis of product, the medical image management market is segmented into Picture Archiving and Communication System (PACS), Vendor Neutral Archive (VNA), and Application Independent Clinical Archive (AICA). The PACS segment is estimated to command the largest share in 2016 as it is the oldest and pioneering technology in this market. Apart from this, some other factors contributing to its large share include growing volume of imaging procedures, technological advancements in PACS, and adoption of the PACS in new imaging segments such as endoscopy, ophthalmology, mammography, and oncology. On the basis of end user, the medical image management market is segmented into hospitals, diagnostic imaging centers, and other end users (Ambulatory surgical clinics, small clinics and contract research organizations).

North America dominates the medical image management market, with the U.S. accounting for the major share. This can be attributed to the increase in the geriatric population, high incidence/prevalence of various diseases (such as cancer and CVD), the large number of imaging centers in this region, ongoing research activities, fast adoption of technologically advanced imaging systems, and increasing awareness about the benefits of early diagnosis of diseases.

Medical image management is a process of electronically managing medical images with the help of image management systems. These systems control, manage, and store medical imaging data along with other patient information in a healthcare system. Picture archiving and communication systems (PACS), vendor-neutral archives (VNA), and application-independent clinical archives (AICA) are the three major technologies used in image management systems.

Market growth is driven by the technological advancements in diagnostic imaging modalities and image management solutions, growing investments in the medical imaging market, increasing usage of imaging equipment, government initiatives to encourage EMR adoption, rapid growth in geriatric imaging volumes, growing adoption of VNA, growing adoption of image management systems by small hospitals and imaging centers and rapidly growing big data in healthcare. Furthermore, the integration of PACS/VNA with EMR and ECM and increasing consolidation in healthcare have opened an array of opportunities for the growth of the medical image management market. However, factors such as a longer product lifecycle of VNAs and budgetary constraints and may restrain the growth of this market.

The global medical image management market is expected to reach USD 5.78 Billion by 2021 from USD 4.22 Billion in 2016, growing at a CAGR of 6.5% from 2016 to 2021. The medical image management market is segmented on the basis of product, end user, and region.

On the basis of product, the market is segmented into PACS, VNA, and AICA. On the basis of procurement model, the PACS market is categorized into two segments, departmental PACS and enterprise PACS. On the basis of delivery model, the VNA market is segmented into on-premise VNA, hybrid VNA, and fully cloud-based VNA. On the basis of procurement model, the VNA market is segmented into departmental VNA, multi-departmental enterprise VNA, and multi-site enterprise VNA. Based on vendor type, the VNA market is categorized into PACS vendors, independent software vendors (ISVs), and infrastructure/storage vendors. On the basis of vendor type, the AICA market is further segmented into VNA suppliers and native AICA vendors that also support DICOM archiving/VNA functionality.

The global medical image management market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). North America will continue to lead the global medical image management market in the forecast period. Over the next five years, Asia Is expected to register highest growth rate.

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